Common use of Payment Upon Withdrawal Clause in Contracts

Payment Upon Withdrawal. If the LLC purchases the Successor's interst, the LLC shall pay the Successor the stated amount in one, single cash payment.

Appears in 1 contract

Sources: Operating Agreement (PLM Equipment Growth Fund V)

Payment Upon Withdrawal. If the LLC purchases the Successor's interst’s interest, the LLC shall pay the Successor the stated amount in one, single cash payment.

Appears in 1 contract

Sources: Operating Agreement (PLM Equipment Growth & Income Fund Vii)